Question
M Inc. predicts sales of 4315 orbits in May & 6465 orbits in June. Target end of month finished-goods inventory is 10% of next months
M Inc. predicts sales of 4315 orbits in May & 6465 orbits in June.
Target end of month finished-goods inventory is 10% of next months sales.
The company wants RM ending inventory to cover 20% of next months needs.
The orbits each require 2 pieces of trim to manufacture and each trim costs $3 per piece. The orbits also require 2 hours of labor. The direct labor rate is $11 per hour. What is the total budgeted direct labor cost for May for M Inc.?
Round ONLY your final answer to the nearest dollar and enter it as a positive number (no sign). Do NOT round intermediate calculations.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started